Polymarket Set For $10 Billion Valuation As US Relaunch Nears – Report
According to the latest reports, crypto-based prediction platform Polymarket is preparing for a new funding round that could see its valuation rise to $10 billion. This move to raise additional capital comes as the company prepares to relaunch in the United States. On September 3, Polymarket CEO Shayne Coplan revealed on the social media platform […]
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On November 17, a report disclosed that the leading non-fungible token (NFT) marketplace, Opensea, is “fielding new investment offers” according to two unknown sources familiar with the matter. The investment could propel Opensea’s valuation by six times to a $10 billion market valuation, according to the sources.
Report Claims Opensea Offered a $10 Billion Valuation
During the first week of November, the popular NFT marketplace Opensea surpassed $10 billion in all-time sales, according to statistics from dappradar.com. At the time of writing, dappradar.com....
Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe. New York-based decentralized prediction market Polymarket has come under investigations from the United States Commodity Futures Trading Commission (CFTC).According to an Oct. 23 report from Bloomberg citing anonymous sources, the CFTC is investigating whether Polymarket is allowing its customers to trade binary options and swaps that should be registered with the financial regulator. The CFTC is yet to confirm whether it is investigating Polymarket.A spokesperson for the platform stated:....
The online prediction marketplace, Polymarket, where users can bet with crypto, saw $1.1B in Superbowl bets yesterday. One person took home a tidy profit of $550K while another lost $718K. Polymarket demonstrates that crypto is trickling down to the masses who can use it for anything, including betting on their favorite football team. That’s why […]
Following legal setbacks that limited access for American investors back in 2022, the Commodity Futures Trading Commission (CFTC) officially approved Polymarket’s launch as a crypto-based prediction market in the United States. Polymarket To Enter US Market Shayne Coplan, Polymarket’s CEO, shared the news on X (formerly Twitter), stating that the prediction platform has been given […]
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from the stablecoin market, stablecoins themselves represented 9.35% of the entire crypto economy’s net U.S. dollar value at the time. 61 days later, the crypto economy is worth roughly $1.15 trillion and the stablecoin economy represents 13.8% of that total today.
In 61 Days, Stablecoin....